Energy Choice
                            

Matters

ConEd To Include 6¢/Therm Surcharge For Default Service Under-collections

Other Gas Utilities Report Surcharges For Under-collections, Refunds For Over-collections

October 16, 2018

Email This Story
Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

New York natural gas utilities have filed their annual reconciliations of natural gas costs for the 12-month period ending August 2018

Consolidated Edison reported that its reconciliation calculation results in a charge to firm gas sales customers of approximately $56.73 million including interest, based on currently available data that is still undergoing review. This charge consists of a $55.65 million net Gas Cost Factor (GCF) under-collection for the twelve months ended August 2018; a $0.39 million credit related to an over-collection of a GCF reconciliation for the twelve months ended August 31, 2016; and an estimated interest charge of approximately $1.47 million. The unit amount is about 6.15 cents per therm (6.1454¢) to be charged to firm gas, default service customers through the GCF for the calendar year 2019.

Orange & Rockland stated that, for the twelve-month period ended August 31, 2018, O&R experienced a Gas Supply Charge (GSC) under-collection of $5,538,458 including interest. This results in a GSC Surcharge of $0.4549/Mcf, to be surcharged to default service customers over the twelve-month period commencing January 1, 2019.

National Fuel Gas Distribution Corp. reported that its total surcharge as a result of reconciliation is $2,409,364, resulting in a surcharge factor of $0.0442/Mcf to default service customers

NYSEG reported that as a result of an over-collection and reconciliation, beginning with the first billing cycle of January 1, 2019 and continuing through December 31, 2019, NYSEG will apply a refund of $0.014009 per therm to bills of customers who purchase their gas supply from NYSEG

Rochester Gas and Electric reported that as a result of an over-collection and reconciliation, beginning with the first billing cycle of January 2019 and continuing through December 2019, RGE will apply a refund of $0.002793 per therm to bills of customers who purchase their gas supply from RGE

Central Hudson reported that as a result of an over-collection and reconciliation, a firm GSC refund of $0.23077/Mcf will apply.

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Sales Director -- Houston
• NEW! -- Director of Sales
• NEW! -- Energy Sales Representative
• NEW! -- Manager Business Field Sales -- Retail Energy
• NEW! -- Senior Energy Consultant
• NEW! -- Supply Analyst -- Retail Supplier
• NEW! -- Controller -- Retail Supplier -- Houston
• NEW! -- Outside Sales Executive -- Retail Energy
• NEW! -- Channel Sales Manager -- Retail Supplier
• NEW! -- Sr Analyst, Supply and Pricing -- Retail Supplier -- Houston
• NEW! -- Customer Retention Analyst -- Retail Supplier -- Houston
• NEW! -- Energy Market Analyst - Pricing & Trading
• NEW! -- Manager, Power Supply -- Retail Supplier
• NEW! -- Renewable Energy Sales Representative -- Retail Supplier